Most Popular
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[KH Explains] Why Korea's so tough on short selling
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Iran’s president found dead at helicopter crash site
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Actors involved in past controversies return first via streaming service originals
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‘Kim desperately wanted to denuclearize,’ Moon writes in memoirs
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Seoul rolls out W250b package in bid to lure foreign talent
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N. Korea slams US subcritical nuclear test, vows measures to bolster nuclear deterrence
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Korea's increasing US investment mutually beneficial: report
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Korean builders nervous about possible setbacks in Middle East
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[AtoZ into Korean mind] World of the in-laws, where gender stereotypes persist
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South Korea bans viral North Korea propaganda video praising Kim
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One-third of fisheries imports coming from China
One-third of South Korea’s fisheries imports up to September this year were from China, a study said Sunday, adding the figure is expected to further increase when a bilateral trade deal takes effect.The tally by the Korea Maritime Institute showed Korea imported some 959,000 tons of fisheries products in the January-September period, of which 31.6 percent came from China.In terms of value, imports from China amounted to $3.11 billion. This marks a 19.3 percent increase in volume and 18.4 percen
Nov. 23, 2014
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Samsung loses market share in mobile phones, TVs
Samsung Electronics’ global presence in mobile phones and high-end TVs declined in the third quarter while its market share in DRAMs and displays rose, industry data showed Sunday.Analysis of quarterly reports released by the tech company showed Samsung’s market share in the IT mobile sector dipping 1 percentage point to 23.9 percent in the July-September period compared to the first half of this year.The numbers based on findings by Strategy Analytics, a global research and consulting firm, als
Nov. 23, 2014
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[Herald Interview] Finnair to halve carbon emissions by 2050
Finnair, the flagship carrier of Finland, on Thursday said it will go carbon neutral by 2020 and halve its carbon emissions by 2050.In an aggressive attempt to make its operations greener, the company is set to use more planes that are fuel-efficient or run on bio-fuels, said Kati Ihamaki, vice president of the sustainable development unit at the Helsinki-based airliner, during a recent interview with The Korea Herald. “Because we are a flight company, every drop of fuel we save is directly link
Nov. 23, 2014
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S. Korean car market to grow 2% in 2015
South Korea’s automobile market will grow 2 percent on-year to record-high sales of 1.65 million units in 2015, a report by the Korea Automotive Research Institute showed Sunday.The research arm of Hyundai Motor Group said next year’s car sales will surpass the 1.64 million cars sold in 1996, the boom year for the country’s car industry.KARI said next year’s increase will stem from the growing number of older cars on the road that need to be replaced, a rise in demand for SUVs and new vehicles h
Nov. 23, 2014
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S. Korean car market to grow 2 pct to record high 1.65 mln units
South Korea's automobile market will grow 2 percent on-year to record-high sales of 1.65 million units in 2015, a report by the Korea Automotive Research Institute (KARI) showed Sunday.The research arm of Hyundai Motor Group, the world's fifth-largest automotive conglomerate, said next year's sales will surpass the 1.64 million cars sold in 1996, the boom year for the country's car industry.KARI said next year's increase will stem from the growing number of older cars on the road that need to be
Nov. 23, 2014
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Hyundai Genesis, Kia K900 win U.S. luxury car awards
Hyundai Motor Co.’s Genesis premium sedan and Kia Motors Corp.’s K900 flagship won automotive awards for excellence at this year’s Los Angeles Auto Show, the two companies said Thursday.The cars that started reaching the North American market this year have been getting positive coverage from local media and praise for their value and quality. Hyundai and Kia are corporate cousins and are flagships of Hyundai Motor Group, the world’s fifth-largest maker of cars in terms of output.Hyundai Motor A
Nov. 21, 2014
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McDonald’s Korea opens up kitchen
McDonald’s Korea has flung open the doors of its kitchen to assure consumers that fast food can indeed be made in a healthy way.Starting Friday, the Korean unit of the global fast-food chain held its two-day “National Open Day” event at some 270 outlets where customers were given a glimpse into its high-quality ingredients and sanitary food management systems.“National Open Day is designed to publicize the sternly controlled sanitization management system of McDonald’s kitchen and the premium qu
Nov. 21, 2014
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Hyundai, Kia to provide 162 cars for upcoming ASEAN-Korea summit
Hyundai Motor Co. and its corporate cousin Kia Motors Corp. will supply 162 cars for the upcoming ASEAN-Korea Commemorative Summit meeting set to take place next month, organizers for the event said Friday. The summit, to be held in Busan, aims to celebrate 25 years of constructive dialogue and cooperation between the 10-country-strong political and economic organization and Asia’s fourth-largest economy. The leaders of all the Association of Southeast Asian Nations are to take part in the two-d
Nov. 21, 2014
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People-focused design shapes offices of future
Improving performance has been the top priority for organizations all over the world, and solutions vary accordingly. “Workplace design has emerged as an important factor affecting the performance of an organization in the era of knowledge-based and technology-driven economy,’’ K. Chung, managing director of Gensler Korea, told The Korea Herald in a recent interview.U.S.-based Gensler, the world’s largest design and architecture firm, has had a consistent interest in using the power of design to
Nov. 21, 2014
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New KB Financial chairman vows to restore confidence
The new chairman of beleaguered KB Financial Group Co. vowed Friday to earn a new reputation for the country's second-largest banking group by restoring consumer confidence and diversifying its business portfolio. "KB Financial had led the South Korean financial industry a decade ago, but we failed to keep up with the market trend and allowed our competitors to take over our position," Yoon Jong-kyoo said in his inauguration ceremony."I will reorganize the company to improve retail banking busin
Nov. 21, 2014
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Sales bid for Pantech fails
The auction to sell South Korea's No. 3 smartphone maker Pantech Co. failed again Friday from a lack of bidders, the sale manager said, casting a cloud over the company's normalization.Samgjong KPMG said there were no bidders to acquire the troubled firm, although a handful of tech firms from home and abroad had previously handed in letters of intent. The bidding was originally due to be completed last month, but it was extended to open it up to more firms.Industry watchers said overseas compan
Nov. 21, 2014
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Hyundai, Kia to provide 162 cars for upcoming ASEAN-Korea summit
Hyundai Motor Co. and its corporate cousin Kia Motors Corp. will supply 162 cars for the upcoming ASEAN-Korea Commemorative Summit meeting set to take place next month, organizers for the event said Friday. The summit to be held in South Korea's largest sea port of Busan, located 453 kilometers southeast of Seoul, aims to celebrate 25 years of constructive dialogue and cooperation between the 10-country-strong political and economic organization and Asia's fourth-largest economy. The leaders of
Nov. 21, 2014
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Samsung wins over more than half of mobile DRAM market on Apple supply
South Korea's Samsung Electronics Co. dominated more than half of the global market for dynamic random access memory (DRAM) chips in the third quarter this year, data showed Friday, apparently helped by the resumption of its supply to Apple Inc. Samsung's revenue in mobile DRAM products came to US$1.75 billion in the July-September period, up 18.4 percent from the second quarter, the data compiled by industry tracker DRAMeXchange showed, expanding its market share to 50.7 percent from 45.4 perce
Nov. 21, 2014
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Hyundai Genesis, Kia K900 win U.S. luxury car awards
Hyundai Motor Co.'s Genesis premium sedan and Kia Motors Corp.'s K900 flagship won automotive awards for excellence at this year's Los Angeles Auto Show, the two companies said Thursday.The cars that started reaching the North American market this year have been getting positive coverage from local media and praise for their value and quality. Hyundai and Kia are corporate cousins and are flagships of Hyundai Motor Group, the world's fifth-largest maker of cars in terms of output.Hyundai Motor A
Nov. 21, 2014
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Samsung Group stock funds rebound in Nov. on reshuffle hope
Investors took their money to securities funds that follow Samsung Group stocks this month as the group's flagship unit, Samsung Electronics Co., clawed back and listing of a key IT affiliate refueled expectations of the top conglomerate's restructuring, data showed Friday. A net 244.8 billion won (US$219.6 million) was injected into 28 funds whose underlying assets are Samsung Group stocks between Nov. 1-19, accounting for 56 percent of the total investment in securities funds, according to dat
Nov. 21, 2014
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Hyundai U.S. chief dismisses impact from mileage disputes
LOS ANGELES ― Hyundai Motor America CEO Dave Zuchowiski on Wednesday dismissed claims that the carmaker’s fuel efficiency disputes would have any business impact on consumer sentiment and car sales. “It’s something between us and the government. It didn’t affect consumers and dealers at all,” he said at a Hyundai booth during the LA Auto Show that kicked off in the U.S. city on Tuesday. “The news hit the headlines for 24 hours, then it was gone. We are just glad to get it behind us.”Early this m
Nov. 20, 2014
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Gore Korea wins best workplace award
Gore Korea, the Korean operation of W.L. Gore and Associates Inc., said Wednesday that it has been named one of the Best Companies to Work for in Korea for the fourth consecutive year at the 2014 Great Place to Work Awards Ceremony held in Seoul.The award was conferred by the Great Place to Work Institute, one of the world’s best-known research and management consultancies. Companies are selected based on surveys conducted on employees in the categories of workplace excellence, management and th
Nov. 20, 2014
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POSCO to kick off pilot run of Rajin-Khasan project next week
South Korea’s POSCO and Hyundai Merchant Marine Co. will commence the pilot run of their project to import Russian coal via a route that passes a North Korean railway next week, industry sources said Thursday, marking a rare example of economic cooperation with the North amid economic sanctions.Under the Rajin-Khasan project, No. 1 steelmaker POSCO will import coal from Russia’s Primorsky Krai, which borders with North Korea, by using a 54-kilometer railway that connects to the North’s port city
Nov. 20, 2014
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Paradise breaks ground for Yeongjongdo casino
YEONGJONGDO, Incheon ― Paradise Sega Sammy broke ground Thursday for its $1.1 billion Paradise City construction project to build an integrated resort and casino complex in Yeongjongdo Island, Incheon, by July 2017. The company, established in 2012, is a joint venture between South Korean casino operator Paradise Group and Japanese entertainment firm Sega Sammy. Paradise has a 55 percent stake in the firm, while the Japanese partner holds the remaining stake. “Above all, the resort complex boast
Nov. 20, 2014
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Watchdog estimates N.K. development costs at $500b
The nation’s top financial regulatory body this week estimated a cost of at least $500 billion to cover the financing the development of North Korea if the two Koreas are reunited.“It would take at least $500 billion to develop North Korea (after reunification), which includes economic development and costs for educating North Koreans,” said Shin Je-yoon, chairman of the Financial Services Commission, at a conference on inter-Korean unification and finance held in Seoul on Wednesday. Some $17 bi
Nov. 20, 2014